Nicole Wise, CFA, is an analyst at Chicago Securities. She attends a meeting with management of one of the companies that she covers. During the meeting, management expresses great optimism about the companys recent acquisition of a new business. Wise is excited about these prospects and issues a research report that states that the company is about to achieve significant success with the new acquisition. Wise has: | A) | violated CFA Institute Standards of Professional Conduct because she is not allowed to meet with management privately. |
| | B) | violated CFA Institute Standards of Professional Conduct because she did not check the accuracy of the statements that management made. |
| | C) | not violated CFA Institute Standards of Professional Conduct because she had reasonable reason to believe that the statements in her report were true. |
| D) | violated CFA Institute Standards of Professional Conduct because she misrepresented the optimism by turning it to certainty. |
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Answer and Explanation
Standard V(B), Communication with Clients and Prospective Clients. Members must distinguish between fact and opinion in the presentation of a research report or investment recommendation. Wise violated the standard because she misrepresented managements enthusiasm by turning it into certainty. | 
发表于 2008-9-16 11:33
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